UMS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/19	DBS Vickers	UMS	0.71	0.55	Fully Valued	PER8x FY19
02/28/19	CIMB	UMS	0.74	0.62	Reduce	PB1.37x CY19
05/14/19	DBS Vickers	UMS	0.615	0.55	Fully Valued	PER8x FY19
05/16/19	DBS Vickers	UMS	0.64	0.45	Fully Valued	PER8x FY19/20
05/21/19	CIMB	UMS	0.62	0.55	Reduce
08/16/19	DBS Vickers	UMS	0.585	0.49	Fully Valued	PER9x FY20
08/16/19	CIMB	UMS	0.585	0.55	Hold	PB1.24x FY19
10/24/19	DBS Vickers	UMS	0.705	0.87	Buy	PER12x FY20
10/25/19	CIMB	UMS	0.74	0.67	Hold	PB1.4x FY20
11/13/19	DBS Vickers	UMS	0.81	1	Buy	PER13x FY20
11/29/19	DBS Vickers	UMS	0.89	1.08	Buy	PER14x FY20
12/05/19	Kim Eng	UMS	0.95	1.13	Buy	PB2.2x FY20
01/03/20	Kim Eng	UMS	1.08	1.13	Buy	PB2.2x FY20
01/24/20	DBS Vickers	UMS	0.98	1.16	Buy	PER14.9x FY20
02/04/20	CIMB	UMS	0.925	0.96	Hold	GGM, PB1.93x FY20
02/11/20	Kim Eng	UMS	0.94	1.13	Buy
02/26/20	CIMB	UMS	0.965	1.08	Add	GGM, PB2.16x FY20
02/26/20	DBS Vickers	UMS	0.965	1.12	Buy	PER15x FY20
03/10/20	Kim Eng	UMS	0.81	1.13	Buy